Brazil Fertilizers Market - Growth, Trends, and Forecasts (2017 - 2022)
Brazilâ€™s fertilizers market is expected to grow at a CAGR of XX % during the period 2016-2021. The market value is expected to reach USD XX in 2021 from USD 12,644 million in 2016. The total agricultural land in Brazil is 80 million hectares, which accounts for 24.3% of the total land. Brazil also has abundant solar energy with good rainfall and has 13% of the global fresh water. The abundant availability of resources boosts the growth of Brazilâ€™s agriculture industry will in turn stimulates the overall fertilizers industry growth.
The arable land in Brazil has been increasing since 2005-06 and is expected to increase in the future to meet the rising demand for food grains in the country. This increase in arable land will lead to an increase in the demand for fertilizers. Close to 630 million hectares of arable land in the world is untouched. An increase in the demand for food grains will lead to the expansion of the land, especially in Brazil, which is one of the largest producers of grains and sugarcane. This expansion will lead to an increased demand for fertilizers.
The fertilizer sector is the largest growing sector in Brazil and is the fourth largest consumer of fertilizers in the world after China, India, and the United States. The demand for food grains is increasing and hence, there is a need to use the arable land productively, which is possible with the use of fertilizers along with other technologies. Some of the other drivers of the growth of the fertilizers market are the expandable agricultural land and government subsidies. The major challenge faced is that the consumption is greater than production, hence the high risk of price fluctuations.
Brazilâ€™s fertilizers market is segmented based on product type and application. By product type, the market is segmented into synthetic fertilizers (nitrogen, urea, phosphate, and others) and organic fertilizers, which consist of organic residues and biofertilizers. By application type, the market is segmented into crop-based and non-crop based products. Nitrogenous products hold the maximum market share, followed by phosphate and others.
Major companies in the sector include:
The Mosaic Company
Recent Industry Insights
â€œThe Brazilian Government is providing a subsidy of USD 41.5 billion to the agricultural industry.â€
â€œBrazil is the leading global producer of orange juice, coffee and sugar, and the second largest producer of soybeans.â€
Key Deliverables in the Study
Market analysis for the Brazil fertilizers market with competition analysis.
Market overview and identification and analysis of the macro and micro factors that affect the Brazil fertilizers market.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The report holds importance for the following stakeholders-
Producers and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
Supply chain analysis